Week 2 Quiz on Measuring Brand Assets >> Marketing Analytics
TOTAL POINTS 10
1.Your company sells custom-made surfboards prized by champions. You’re considering acquiring a well-known custom skateboard company. What should you carefully consider when merging your two companies to preserve the power of each brand?
1 point
Whether the two products are packaged the same
The price of the surfboard versus the price of the skateboards
The personality traits of each brand
2.What is the relationship between brand personality and brand equity?
1 point
A carefully constructed brand personality increases the value of the brand.
They mean the same thing.
The longer a brand is on the market, the bigger the impact of the brand’s value on its personality.
Brand equity increases the relevance of the brand’s personality.
3.Which of the following is a product attribute for an iPhone?
1 point
Prestigious
Gorilla glass screen
Highly secure
Reliable
4.What is the ultimate goal when developing a brand’s architecture?
1 point
To build a relationship between the brand and the consumer
To develop a product
To determine the price of branded products
To determine brand value
5.If your brand is in the top left quadrant of the Brand Asset Valuator matrix, what should be your strategic priority?
1 point
Innovating to differentiate from competitors
Increasing consumer awareness of the brand
Increasing its relevance to consumers
Enhancing brand strength
6.According to the Y&R Brand Asset Valuator, what is the difference between an aspiring brand and an eroding brand?
1 point
Aspiring brands are more differentiated, but are less well known than eroding brands.
Aspiring brands are more relevant and held in greater esteem than eroding brands.
Aspiring brands are more differentiated and more well known than eroding brands.
Aspiring brands are less relevant and held in less esteem than eroding brands.
7.Your company is considering acquiring a company with several different branded products in different categories, from cereal to tires. Which model should you consider in your decision?
1 point
Interbrand Brand Value Model
All three models should be used.
Y & R Model
Revenue Brand Premium Model
8.What does the revenue premium as measure of brand equity quantify?
1 point
The difference in manufacturing costs between a branded product and an equivalent unbranded product
The difference in market response between a branded product and an equivalent unbranded product
The additional marketing spending to be allocated to a branded product over an equivalent unbranded product
The expected additional demand generated by a branded product over an equivalent unbranded product
9.
Brand
Market Share
Price per Pound
Average Consumption
Private Label
10%
$0.30
5
Morning Magic Cereal
30%
$0.80
5
What is the brand equity of Morning Magic Cereal on an annual basis, assuming a 25% margin and 125 million population? (Do not round at the Additional Variable Cost step.)
1 point
$125.63M
$131.25M
$103.13M
$121.88M
10.What is the difference between calculating brand equity annually versus the full calculation?
1 point
The annual measure does not consider future risks or what the money would earn with a different investment.
The annual measure considers what the money would earn with a different investment.
The annual measure considers both future risks and what the money would earn if invested differently.
The annual measure considers future risks.
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